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Bearish Engulfing- Ashok Leyland Ltd

A bearish engulfing usually comes after a strong bullish trend signalling a slowdown. But engulfing candlestick requires a confirmation candle the next day. This is relevant when opening price of the bearish candle is higher than the previous days bullish candle. Also further down the bearish candle goes, beyond the bullish candle, better the indication to an oncoming downward trend.

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